Fortech Ventures announces the launch of a €34 million investment fund and its transition to a new public identity, Nucleo Ventures.
Developed in partnership with the North-West Regional Development Agency (ADR Nord-Vest), the fund will invest in startups and innovative companies across Romania and Central and Eastern Europe, with the goal of supporting a new generation of internationally scalable businesses and strengthening Romania’s North-West Region as a destination for entrepreneurs, investment, and technology talent.
The fund, which benefits from a €23.5 million institutional commitment from ADR Nord-Vest, complemented by private capital and contributions from the management team, will support startups and innovative companies at various stages of development, from early-stage ventures to SMEs with international scaling potential.
Through its investment strategy, Nucleo Ventures aims to finance 46 companies over the next four years, contributing to the development of a new generation of businesses built in Romania for global markets.
The choice of the North-West Region, which includes the counties of Cluj, Bihor, Maramureș, Satu Mare, Bistrița-Năsăud, and Sălaj, as the focal point of the fund’s investment strategy is no coincidence. The region is home to some of Romania’s strongest universities and technology communities and is already recognised for its thriving IT sector and its ability to generate companies with international growth potential.
